Registration GST Electrical items shop

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This discussion clarifies GST registration requirements for an electrical items shop. Registration is based on annual turnover, not the initial investment. If your sales do not exceed Rs. 40 lakhs in a financial year, GST registration is not mandatory. However, once your turnover surpasses this threshold, you will need to register for GST.

Sanjay

Sanjay (Querist)

30 August 2021 Sir,

Please guide me if person want to open a business i.e open a shop for Electrical items and his investment amount is Rs. 2,50,000/- .
whether his is applicable for GST Registration or did not required.

Thanks & Regards.

Udaya Chandran

Udaya Chandran (Expert)

30 August 2021 GST registration is required only when the turnover exceeds the limit as prescribed. Rs.40 lacs in case of goods (exclusively) other than special category states.

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CA Pradeep Sharma

CA Pradeep Sharma (Expert)

30 August 2021 It is not depend on investment, it depend on sales. If you make sale in a financial year up to 40 lakh you do not need to take registration in GST. After crossing the threshold limit of 40 lakh you need to take registration under GST.

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